13 May 2026 - Global consultancy group ABL Group has signed an agreement to
acquire 100% of the shares in Southeast Asia based consultancy SynergenOG,
adding specialist capability in process safety and technical risk management and
enhancing the group's end to end technical offering to the energy industries.
Upon completion of the acquisition, SynergenOG will be integrated with the
group's design and engineering consultancy, Longitude. This integration will
strengthen Longitude's engineering offering across all business lines, creating
a technical centre of excellence in process safety and risk management focused
on driving safety, cost efficiencies and performance from concept design through
to operations and late life.
"SynergenOG is an excellent addition to ABL Group and Longitude. The two
companies have a track record of successful collaboration, signalling a clear
market appetite for integrated risk and engineering solutions, and a proven
capacity to generate results together for our clients. With this acquisition, we
bring SynergenOG's expert safety and risk engineering in house. The deal also
strengthens our Asia Pacific engineering footprint, while giving SynergenOG a
larger platform to scale its services for the benefit of a wider range of energy
markets," says Hege Norheim, CEO of ABL Group.
About SynergenOG
SynergenOG is a Malaysia based process safety and technical risk management
consultancy for the energy industry. Its team of 45 consultants is based across
offices in Malaysia, Singapore, Indonesia, Brunei and India.
The team specialises in process safety management, technical risk, loss
prevention and operational safety, supporting energy clients across more than 50
countries, including Australia, Japan, Egypt, the UK and Mexico, as well as
across the Asia Pacific region.
"Effective risk management is fundamental to every energy asset. It sits at the
heart of CAPEX and OPEX optimisation, is intrinsic to long term performance, and
mitigates risk to people and the environment. What makes us distinctive is the
way we combine deep operational experience with process safety and engineering
expertise. This allows us to bridge the gap between design and
operations-embedding process safety and technical risk early into project
engineering and tailoring it to the realities of how assets are actually
operated," says Puvan Balasubramaniam, Director and Co founder of SynergenOG.
SynergenOG's process safety and risk management capabilities are further
strengthened by a suite of proprietary software solutions, alongside industry
level training delivered through its dedicated SOG Academy. This is complemented
by the e learning platform ePSM, co developed with Longitude's sister company,
ABL, and designed to embed robust asset integrity management practices within
client organisations.
In 2025, SynergenOG delivered revenue of approximately USD 5.0 million and EBIT
of approximately USD 0.6 million.
Strategic rationale
The acquisition adds new services in process safety and technical risk
engineering, enhancing Longitude's and ABL Group's overall technical offering to
energy projects. SynergenOG's services -including the design and delivery of
HAZIDs and HAZOPs - are highly complementary to the group's areas of expertise,
spanning marine warranty survey, marine and subsea operations, and offshore wind
development.
For Longitude, the integration of SynergenOG strengthens its facilities and
subsea engineering offering, building on a growing track record in asset
integrity management, and enables a fully integrated risk and engineering
offering to clients at any stage of an energy asset's design and operational
lifecycle.
"Everything we do for our clients is geared towards reducing risk and driving
efficiencies. With SynergenOG, we can deliver an expert safety and risk
engineering capability that elevates our offering to support clients at every
stage of an asset's lifecycle," comments Jake Anderson, CEO of Longitude.
The transaction also increases Longitude's presence in the Asia Pacific region,
including through a new in country presence in Brunei. This footprint provides
Longitude with a strategic gateway to Borneo.
For SynergenOG, the acquisition provides a broader geographical and technical
platform to scale its services. For colleagues, it creates increased
opportunities for professional development, while existing clients gain access
to a wider pool of more than 200 design and engineering professionals across
energy, marine and engineering disciplines.
Transaction details
SynergenOG is valued at an enterprise value of USD 2.1 million in the
transaction. The purchase price will be settled in cash, partly up front and
partly through annual instalments over three years from completion, subject
inter alia to financial performance and the sellers' continued employment within
ABL Group.
Completion of the transaction is expected within Q3 2026.
(ENDS)
For further information, please contact:
Investors and financial media:
Stuart Jackson, Chief Financial Officer, email: stuart.jackson@abl-group.com; or
Haakon Brandrud, Director of Strategy and Corporate Development, telephone: +47
95 07 05 12, email: haakon.brandrud@abl-group.com
Other media enquiries:
Endre Johansen, Corporate Communications AS, telephone: +47 41 61 06 05, email:
endre.johansen@corpcom.no
About ABL Group
ABL Group (OSE: ABL Group ASA - ticker code "ABL") is a leading independent
global consultancy delivering energy, marine, engineering and digital solutions
to drive safety and sustainability in renewables, maritime and oil and gas
sectors. The group has offices in 43 countries worldwide and operates under four
brands: ABL - the energy and marine consultants, AGR - the energy and software
consultants, OWC - the renewable energy consultants, and Longitude - the design
and engineering consultants.
- the energy and marine consultants\, AGR - the energy and software\
consultants\, OWC - the renewable energy consultants\, and Longitude - the design\
and engineering consultants.\